Celladon Corp. will be acquired in a reverse merger with Eiger BioPharmaceuticals Inc., which means Celladon will not have to liquidate its assets to return cash to shareholders following discontinuation of development for the genetically-targeted enzyme replacement therapy Mydicar for heart failure.
Celladon Corp. will be acquired in a reverse merger with Eiger BioPharmaceuticals Inc., which means Celladon will not have to liquidate its assets to return cash to shareholders following discontinuation of development for the genetically-targeted enzyme replacement therapy Mydicar for heart failure.
Privately-held Eiger will keep its name and move into San Diego-based Celladon's essentially empty public company shell when the deal...
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CEO Bill Anderson would not be drawn on whether the drug, currently approved for chronic kidney disease associated with type 2 diabetes, will hit a previous forecast of €3bn peak sales, but expansion into heart failure may make that figure look conservative.
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